Sectors
Norwest leads $15m Series B for India, US-based Zenoti
Norwest Venture Partners has led a $15 million Series B round of funding for Zenoti, an India-founded and US-headquartered software provider for the spa and wellness industry.
ICICI in $15m exit from India's TeamLease
ICICI Venture has exited nearly all of its remaining stake in Indian staffing services company TeamLease for INR1 billion ($15 million).
India's WestBridge leads round for healthcare big data start-up
WestBridge Capital Partners has led a $15.6 million Series A round of funding for Innovaccer, a healthcare-focused IT outsourcing start-up with bases in Palo Alto and New Delhi.
China's Tencent, PCCW invest in PE-backed STX Entertainment
China’s Tencent Holdings and Hong Kong-based telecom company PCCW have made equity investments in STX Entertainment, a Hollywood film and TV studio backed by Hony Capital and TPG Capital's growth arm.
China Huace invests $64m in VC-backed Xiao Hong Chun
China Huace Film & TV has acquired a 35% stake in Xiao Hong Chun, a Chinese VC-backed video e-commerce platform, for $63.85 million.
Malaysia-based FirstFloor invests in Skeleton Technologies
Malaysian VC firm FirstFloor Capital has led a EUR13 million ($14.5 million) Series C round for Estonian energy storage system developer Skeleton Technologies to support its growth plans in Southeast Asia.
Japan's VC-backed Anydoor acquired by Rosetta
Anydoor, which operates Japanese crowdsourced translation platform Conyac, will be acquired by Tokyo-listed translation services business Rosetta in a cash-plus-stock deal.
Sequoia leads $30m round for China's Mining Lamp
Sequoia Capital China has led a RMB200 million ($30 million) Series B round of funding for Mining Lamp, a Chinese big-data solutions provider.
Creation, Gawa in $24m round for India's Fusion
US-based PE firm Creation Investments Capital Management and Spain's Gawa Capital have led a INR1.6 billion ($24 million) funding round for Indian financial institution Fusion Microfinance.
China online gaming firm Wangyu Master raises $23m
Wangyu Master, a Chinese online gaming services platform, has raised RMB150 million ($23 million) in a Series A round of funding from a group of domestic investors.
Australia's Bigstone receives $2.3m seed round
Australia-listed investment firm CVC has backed a A$3 million ($2.3 million) seed round of funding for Bigstone, a domestic online platform operator that connects investors with start-ups.
BCCL, GVFL lead $7m round for India's Travelyaari
Gujarat Venture Finance (GVFL) and Bennet, Coleman & Co. (BCCL), owners of the Times of India, have led a $7 million Series B round for Indian online bus booking platform Travelyaari.
Fund focus: Reinventure seeks disruptive fintech
Leveraging its synergies with Westpac, Reinventure Group will invest in start-ups through which the bank can access innovations that complement its business model or integrate technology solutions directly into its systems
Deal focus: Go-Jek targets multiple verticals
As a single-country player with a dominant position across verticals ranging from transportation to payment, Indonesia-based Go-Jek is tipped to overcome its rivals. A consortium of investors has committed $550m to make this happen
Korean strategics confirm interest in PE-owned Tongyang Magic
SK Networks and Unid have both expressed an interest in Tongyang Magic, a South Korean consumer appliances manufacturer put up for sale by Glenwood Private Equity and NH Private Equity.
Korean online beauty retailer Memebox raises $66m
Memebox, an e-commerce company that sells Korean beauty products, has raised $65.95 million in Series C funding led by Formation Group, an Asia-focused VC firm launched by Formation 8 co-founder Brian Koo.
CDPQ buys 20% stake in Plenary's Australia business
Caisse de dépôt et placement du Québec (CDPQ) has agreed to acquire a 20% stake in Plenary Group Holdings, which controls the Australian operations of the global specialist infrastructure investor Plenary Group.
Australia's Future Fund leads round for US-based MapR
Australia’s Future Fund has led a $50 million round of funding for US-based big data services company MapR Technologies.
EVP, Microequities launch $15.4m Australian VC fund
Equity Venture Partners (EVP) and Microequities Asset Management have launched a A$20 million ($15.4 million) venture capital fund to focus on Australian technology start-ups.
Asian investors back $80m global expansion for NextVR
NextVR, a US-based start-up developing live streaming content for virtual reality (VR), has raised an $80 million Series B round, mostly from investors in Asia.
Capital Square buys majority stake in India's Indecomm
Singapore-based Capital Square Partners has acquired a majority stake in Indecomm Global Services, an Indian IT services provider.
Drones: High-flying tech
The exponential rise in drone technology investment during the past few years is now expected to level off into slower growth as venture capitalists discover a galaxy of more nuanced opportunities
India tech M&A: Power plays
Recent consolidation moves in India’s technology sector are a welcome sight for investors that have poured money into battles for market share. However, not all start-ups should be resigned to this fate
Deal focus: RocketSpace plots a China trajectory
With support from HNA Group, RocketSpace wants to take its San Francisco-based co-working space and accelerator model into new markets. China is the top priority